The Millionaire Next Door Analysis

The more things change, the more they stay the same. I was recently having a conversation with my nephew wherein he exclaimed to me, “Things were so much easier when you were my age!” Hmmm, not sure if he realizes this, but I was his age not too many years ago. I will give him credit that there has been a lot of changes in the last fourteen years, some good, and some bad.
No matter what, there is one underlying truth that will always remain the same: there is no such thing as instant gratification when it comes to achievements. Any “overnight success” story that you can think of was years in the making.
You have to devote yourself to your dreams and you have to be willing to sacrifice. If you’re not willing to make sacrifices today for a
Don’t be the type of person that buys things to impress people that you don’t even like. I once went to a lecture and the speaker said, “Keep track of your expenses for at least four months. Out of those purchases, what can earn you money in return?” Honestly nothing else about that talk sticks out to me, not even the speaker’s name. Nonetheless that little golden nugget has always stuck with me. There is a book on this topic that I highly recommend, The Millionaire Next Door: The Surprising Secrets of America's Wealthy by Thomas J. Stanley and William D. Danko. One of the main points of the book is to not purchase status items that will depreciate. It’s a very helpful book and it might just change the way that you think about money for the better. Mark Cuban was known to drive a beater for a long time. Even Jeff Bezos, CEO and founder of Amazon, was known to drive a Honda Civic long after he made his riches. Spend your money on things that will make you money, not on status symbols that
Tackle the hard stuff first. I get that some work is just purely dreadful. The longer you put it off, the more insurmountable it seems. Just do it. Get it over with. You’ll eventually have to get it done, so why prolong the anxiety that surrounds the chore? It’s better for your mental wellbeing to just do it. Edward Young said, “Procrastination is the thief of time”. Time is a finite resource. We all have the same 24 hours in a day that Beyoncé has! Be the type of person that uses those hours to your advantage. Spend every day working toward the betterment of your existence. Figure out what your goal in life is, put on some blinders, and become laser focused on achieving it. You create your own